Jerry wrote:
>Voodoo economics. It does no good for us to have a >few extra dollars to
spend when the result will be higher >national debt in the trillions. Who do
think
> pays that debt? All of us.
Tens of millions of people all across the country are each going to get
$300-600 over the next few months. I don't know the exact total of monies
being disbursed but most of it will be spent right away. It's not going
into a black hole. All of that money as it is spent will shortly find it's
way going back directly into federal, state, local, FICA and sale taxes. So
I don't understand the voodoo argument of it and why people think it is
putting some permanent hole in the national debt.
> The political decision to do so is up for discussion. But >the economic
facts are that we will have to dip into >Medicare monies to pay for the
shortfall.
I clearly recall during the 2000 presidential campaigns and debates that Al
Gore also had a tax cut/refund plan on his agenda. I remember many opinion
wirters in the newspapers pondering how his plan was almost
indistinquishable from Bush's plan. Would so many of you who are now
criticizing this refund be doing so had Gore been elected and done the same
thing?
Kakki
